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<br />g6_" 100748
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<br />MORTGAGE i This form is used in conrter ion r
<br />with mortgages inured under the
<br />w � one- to t011r - family piowisions of
<br />The Rider to the i$Drtgiage attached hereto and executed of even date the National Housing Act.
<br />�rherewith ia: ilWorporated herein and the covenants and agreements of ule
<br />.ider shell amend and supplement the covenants and agreements of this Mortgage."
<br />THIS MORTGAGE. made and executed this 14th day of February A.D.
<br />1986 by and between Lester J. Roach and Dorothy M. Roach, each in his and her own right
<br />a8 y Hall use of each other,
<br />of and ~rate of Nebraska. party of the first part, hereinafter called
<br />the Count
<br />the Mortgagor. and The B*dtable Building and Loan Association, 113 -115 North Locust St.;
<br />Grand Island, Nebraska
<br />a corporation organized and existing tinder the laws of the State of Nebraska
<br />party of the second part. hereinafter called the Mortgagee.
<br />WITNESSETH: That the said Mortgagor. for and in consideration of the sum of Fourteen Thousand and
<br />M/100 Collars 6 14,000.00 ), paid by the Mort-
<br />gagee, the receipt of %%hick is hereby acknowledged. has Granted and Sold and by these presents does Grant, Bar -
<br />gain, Sell. Convey and Confirm unto the Mortgagee. its successors and assigns, forever, the following- described
<br />real estate. situated in the County of Hall and State
<br />of Nebraska, to wit:
<br />The North One -Half of Lot Six (6), in Block Two (2), in Bartling's Subdivision
<br />located on part of Lot Fifteen (15), of the County Subdivision of the South
<br />Half of the Southeast Quarter (S'SE'k) of Section Sixteen (16), in Township
<br />Eleven (11) North, Range Nine (9) and on part of the Northeast Quarter of
<br />the Northeast Quarter (NE'JNE) of Section Twenty One (21), in Township Eleven
<br />(11) North, Range Olin (9) West of the 6th P.M., in the City of Grain
<br />Island, Hall County, Nebraska.
<br />of the Sixth Principal Meridian. containing in all ---- - - - - -- acres according to Govern -
<br />mem survey:
<br />TO HAVi? AND TO HOLD the premises above described. with all the appurtenances thereunto belonging and including
<br />all healing. plumhing and lighting fixtures and equipment no%% or hereafter attached tour used in connection with said real estate
<br />unto the Mortgagee, and to its successors and assign:. forever. The Mortgagor represents to, and covenants with, the Mortga-
<br />gee. that the Mortgagor has good right to sell and convey said premises: ih,a they are free from encumbrance. and that the
<br />Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever: and the said Mortgagor here-
<br />by relinquishes all rights of homestead. and all martial rights. either in law or in equity, and all other contingent interests of the
<br />Mortgagor in and to the above- descrihed premises, the intention being to convey hereby an absolute title, in fee simple. includ-
<br />ing all rights of homestead. and other rights and interests as aforesaid.
<br />PROV I DE D ALL AYS, and these presents are executed and delivered upon the fallowing conditions. to wit:
<br />The Mortgagor agrees to pat to the Mortgagee, or order. the principal sum of Fourteen Thousand and
<br />no /100 ---- J)ollars(S 141000.00 )'
<br />with interest front date at the rate of Ten and One -Half per centuni ( 10'k `) per annum on
<br />the unpaid balance until paid. The said principal and interest shall he payable at the office of The Equitable Building
<br />and moan Association or at such other place as the holder of
<br />m Grand Island, Nebraska p.,
<br />the note may designate in writing. in monthly installments of One Hundred Twenty Eight and 07/100--- -
<br />Dollars (S 1�8,07 ), commencing on the first day of
<br />MBroh . l9 86, anti on the first day of each month thereafter until the principal and in-
<br />terest are fully paid, except that the final payment of principal and interest• if not sooner paid. shall he due and
<br />payable on the first day of February 201$11 according to the terns of a certain promis-
<br />sory note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />1. That he will pay the indebtedness. its hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount equal to one or more monthly payments on the principal that arc next due on the note, on the first day of any month
<br />prior to maturity: Provided, however, That written notice of an intention to exercise such privilege is given at least thirty 130H
<br />days prior to prepayment.
<br />'_. That. together with. and in addition to, the monthly payments of principal and interest payable under the ierns of the
<br />mote ?ecured hereby, the Mortgagor will pay to the Mortgagee. on the first dry of each month until the saih note is full% paid. the
<br />hollowing sums:
<br />(3) Amount suffiwicnr to pi-vide fire holder hereof with tunas to pay the next nim!gage msurancc premium !t this
<br />tnslruuneat and the mute secarcd heieh% are insured- m a monthly charge Inn hcu or a trt,zrrmrrr ,rre-
<br />itriurni o ! =rev arc held by 0w Svtioar, :,f Housing and 1.711an D"Velnptni:nl. a% i- allows
<br />Ili f! and so 1'';w -I, said note of seen latr jars? Itif, i nn;cn ms•n o n,1111'l ,;n lr! thr
<br />;unti
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<br />STAI r Or Nt Hk ASKA
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